Message #168 From:
sreil08 Date: July 31, 2008 03:48:57 PM
yhoo annual meeting
With Pickens dumping his shares and now Icahn not even showing up to the annual meeting this friday, its clear Yahoo needs some direction. YHOO is at the lowest its been since Microsoft came in and proposed a deal. Nobody likes to see a 1 in front of there share price. I feel as if everyone has been waiting for Yahoo to finally listen to there unhappy shareholders but with no avail. Hopefully with new members on the board they can pick up the pieces and make the best of the situation. Looking at one month sentiment at PredictWallStreet.com shows that even when the price shot up at the beginning of the month, sentiment for Yahoo remained pretty weak because people are still unsure about Yahoo's board decisions (http://predictwallstreet.com/forecast.aspx?symbol=YHOO). Perhaps MSFT didn't look like the best deal at the time, but watching Yahoo's slow growth is almost painful. I'm hoping this Friday they can convince the board that a partnership could be the right direction. What do you think Yahoo's next move is? Is Icahn not showing up to the meeting making a bigger point?
